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ON THIS DAY- The Balfour Declaration was made 100 years ago today. The declaration was a public statement issued by the British Foreign Secretary Arthur Balfour to Lord Walter Rothschild, a leader of the British Jewish community, during World War I announcing support for the establishment of a "national home for the Jewish people" in […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.6037 | Sell 17.7035 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Wednesday): 14,277 (-0.5%) Turnover: EGP 1.2 bn (26% above the 90-day average) EGX 30 year-to-date: +15.7% THE MARKET ON WEDNESDAY: The […]
Posted inCALENDAR
06-07 November (Monday-Tuesday): Crisis Communications Conference, Four Seasons Nile Plaza Hotel, Cairo. 06-09 November (Monday-Thursday): EFG Hermes’ 7th Annual London Conference on 6-9 November, Arsenal’s Emirates Stadium. 14 November (Tuesday): SEMED Business Forum: Investing for Sustainable Growth, Conrad Hotel, Cairo. 16 November (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 19-21 […]
Posted inWhat We're Tracking Today
What we’re tracking on 01 November 2017
Economic conditions are much better today than in 2010, CBE Governor Tarek Amer said yesterday. Addressing a gathering organized by the Canadian-Egyptian Business Council, Amer spoke about how the impact of the economic reform agenda is beginning to show, especially within the banking sector. Egyptians have dumped bns of greenbacks into the banking system since […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
US President Donald Trump is expected to announce his choice for chair of the Federal Reserve board tomorrow. The frontrunner according to a number of media outlets appears to be Federal Reserve Governor Jerome Powell. Other candidates on his shortlist include current Fed Chair Janet Yellen, Stanford University economist John Taylor, former Fed governor Kevin […]
Posted inON THE HORIZON
On the horizon
EFG Hermes will hold its 7th Annual London Conference on 6-9 November. The conference will see C-suite execs from top listed companies in MENA as well as frontier markets (among them Pakistan, Kenya, Nigeria, Bangladesh, and Sri Lanka) meet face-to-face with top global investors with mandates to invest in emerging and frontier markets. The event […]
Posted inEnterprise+: Last Night’s Talk Shows
Rescue of police officer captures in Wahat clash dominates airwaves on 31 October 2017
The rescue of police Capt. Mohamed El Hayes, who had been kidnapped in the midst of last month’s terror attacks in El Wahat reigned supreme on the airwaves last night. Kamal talked to Trade and Industry Minister Tarek Kabil about the launch of the industrial investment map, which Kabil said took one year and 200 […]
Posted inSpeed Round
Egypt drops to 128 on the WBG Doing Business report
Really, WBG? It’s like that? Egypt dropped six places in the World Bank Group’s (WBG) Doing Business report 2018 (pdf) to 128 out of 190, down from 122 in the 2017 report, and sandwiched between Cape Verde and St. Vincent and the Grenadines. This comes despite the WBG issuing a glowing press release (pdf) on […]
Posted inSpeed Round
Egypt seeing broad-based growth, Neom to benefit the whole region -IMF
Egypt is now seeing a “‘broad-based,’ recovery across industries, a sign that reform measures such as floating the currency are starting to pay off even as inflation remains high,” Jihad Azour, head of the IMF’s Middle East and Central Asia Department, told Bloomberg. “The reemergence of growth as we see it is broad-based; various sectors […]